PM Realty Group
1000 Main St, Suite 2400
Houston, Texas 77002
MEDIA CONTACT:
Kristen Burney
PMRG | PM Realty Group
(713) 209-5910
kburney@pmrg.com

FOR IMMEDIATE RELEASE

Dec 3, 2014

PM REALTY GROUP AND NATIONAL REAL ESTATE ADVISORS BREAK GROUND ON LUXURY MULTIFAMILY HIGH-RISE IN DENVER

DENVER, CO – PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm and its partner, National Real Estate Advisors (National), announced today that construction has begun on The Confluence, Denver’s newest ultra-luxury multifamily high rise tower.

Located at the confluence of the South Platte River and Cherry Creek, the for-rent multifamily high-rise is uniquely situated on a 1.21 acre site in the historical origin of the City of Denver.

The 288-unit, 34-story residential building located at 2166 15th Street, is a joint venture between PMRG and National Real Estate Advisors.  Named after its unique location at the confluence of the South Platte River and Cherry Creek, the building will feature studio, one, two, and three bedroom homes with pricing ranging from $1,500 to $12,000 per month.

“There is a growing demand for luxury multifamily living in urban areas throughout Denver,” said Bryant Nail, Executive Vice President of PMRG. “Access to the Riverfront Park area is in high demand due to its prime infill location. The high rise tower is located adjacent to the South Platte River and possesses views over Confluence and River Front Park. Positioned within the LoDo submarket, the site provides an ideal balance between the serenity of the River Front Park area while maintaining convenient access to the energized core of the LoDo entertainment district and the employment center in the CBD of Denver.”

“National seeks to develop and invest in transformative, modern assets in major U.S. urban markets,” said Jeff Kanne, President and CEO of National Real Estate Advisors.  “The Confluence will increase economic and employment opportunities and we expect it to be a valuable investment benefitting our fund investors.”

The multifamily high-rise, designed by GDA architects, will be the tallest building in Riverfront Park.  The glass apartment tower will feature state-of-the-art amenities such as a large terrace with a saltwater infinity-edge pool, underwater sound system, heated Jacuzzi, outdoor cabanas and fire pit, Skyline Lounge with catering kitchen, all-inclusive fitness center with top of the line equipment, concierge, dog washing station and 24-hour coffee bar.  Interior amenities include: floor to ceiling windows in select homes, hardwood floors, solar shades in every home, gourmet kitchens with granite countertops with full-height backsplashes and Frigidaire Professional Gallery/Electrolux appliances. Select homes, including all Penthouse residences, feature direct elevator access. The Penthouse residences come complete with an Icon appliance package and private terraces in excess of 800 SF.  All homes have stunning views of downtown Denver and/or the Rocky Mountains. The ground floor is intergraded into Confluence Park with over 8,000 square feet of high-end ground floor retail and restaurant space with access to the trails along Cherry Creek and the South Platte River. 

For more information please visit www.theconfluencedenver.com

About National Real Estate Advisors

National Real Estate Advisors has $2 billion+ in assets under management for pension plan sponsors, investing in major U.S. urban markets using a build-to-core strategy. The company undertakes large-scale development and redevelopment projects in its open-end fund and separate account, building investment portfolios of stabilized modern property assets—apartment, office, mixed-use, industrial, data centers and hotels—with design features, technological enhancements, and amenities that can drive high tenant demand and create value over time. An SEC registered advisor, the firm is a subsidiary of the National Electrical Benefit Fund, a $12 billion pension plan sponsor.  For more information visit, www.natadvisors.com

About PM Realty Group

Headquartered in Houston, Texas, PM Realty Group (PMRG) is one of the nation’s leading real estate companies focusing on comprehensive property services, development and acquisitions. With a strategic presence in 30 markets, PMRG provides the highest quality services to its clients and investors. PMRG’s clients and investors include large financial institutions, advisors and high net worth individuals. By capitalizing on the team’s experience and expertise, PMRG has the ability to undertake large and challenging management, leasing, development and acquisition projects.

PMRG’s portfolio, including projects managed for third parties, includes commercial office buildings, mixed-use centers, corporate headquarters, industrial buildings, medical facilities, high-rise multifamily buildings and re-appropriated military facilities.

Our goal is to generate exceptional returns for our clients and investors by focusing on real estate fundamentals. For additional information, visit www.pmrg.com.